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who would say no to that in this environment of rock bottom days. is it possible to make money in these companies after dividends are announced? our money pros give you strategies for dividend payers. does the defense industry have any defense if we go over the fiscal cliff and it's starved of billions of dollars in contracts or are massive job cuts unavoidable and on the horizon? then that millionaire next door, he may no longer be a millionaire, or she f we go over the fiscal cliff. our wealth editor robert frank tal lis up the casualties coming up. you're watching "closing bell" on cnbc. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. a passionate belief, and the foundation on which merrill lynch has been built. today, our financial advisors lead from a new position of strength. together
who would say no to that in this environment of rock bottom days. is it possible to make money in these companies after dividends are announced? our money pros give you strategies for dividend payers. does the defense industry have any defense if we go over the fiscal cliff and it's starved of billions of dollars in contracts or are massive job cuts unavoidable and on the horizon? then that millionaire next door, he may no longer be a millionaire, or she f we go over the fiscal cliff. our...
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Dec 4, 2012
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why is it, does it have to do with valuations or the political environment we find ourselves in now? >> it has to do valuations. we look stock by stock and love our companies but their prices are just reasonable and we prefer cheap. >> you prefer a lot of cash, correct? >> we have cash of 25 to 35% in our various stock funds. again that's a function of valuation. we would love to see investing public get scared about something and allow us to buy more of our stocks down 10 to 15% where they are today. >> you are looking at opportunity 15% below where we are now in the market. what kind of properties are you looking at and stocks are you looking at at this point? what makes a good stock for you, other than value? is it cash generation? is it niche plays? how do you pick the components of the portfolio? >> companies that generate more cash than they need to operate in the business. and management that we really trust to redeploy that cash well. that can be a bank stock like wells fargo, cab pharmaceutical stock like valiant. can be john malone's liberty companies we own three of four o
why is it, does it have to do with valuations or the political environment we find ourselves in now? >> it has to do valuations. we look stock by stock and love our companies but their prices are just reasonable and we prefer cheap. >> you prefer a lot of cash, correct? >> we have cash of 25 to 35% in our various stock funds. again that's a function of valuation. we would love to see investing public get scared about something and allow us to buy more of our stocks down 10 to...
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Dec 4, 2012
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so we think the united states is in a 1 to 2% growth environment going forward and investors should be used to. >> this >> is this whole thing a kabuki dance? you look at debt, the numbers going out, we are talking about, both parties are guilty of one thing, say they want to cut and cut that frnlts basically, the government has been running in balance. we are bringing in 15% of gdp. speaking one for one, that subjects that revenue should come down to 20 or 19. there should be a one for one give and take going forward between republicans and democrats. >> if you think we are headed for a difficult time, you know, as you say due to structural economic headwind, when and how do we pull out of it? >> with difficulty. i think policy you whether monetary policy or fiscal policy has to be directed toward -- toward growth. yes, that's mantra from both republican and democratic sides but basically, growth challenged, taken our growth from us in terms of job creation, we need to have policies that fight back, that either devalue the dollar relative to competition so our exports and manufacturin
so we think the united states is in a 1 to 2% growth environment going forward and investors should be used to. >> this >> is this whole thing a kabuki dance? you look at debt, the numbers going out, we are talking about, both parties are guilty of one thing, say they want to cut and cut that frnlts basically, the government has been running in balance. we are bringing in 15% of gdp. speaking one for one, that subjects that revenue should come down to 20 or 19. there should be a one...
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Dec 3, 2012
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competitive environment is different. in fact more favorable. so i think when you net all that out there's growth opportunities. >> of course in the last conference call you talked about the best companies in your industry generate as much as $450 million of cash flow or ev ebita. is it reasonable to expect you could get to that high a number? >> you don't have to if you create value. $450,000 per home past her year of ebita coming out of the best cable operators and charter is actually at the lowest end of that scale. so the up-front or up side that we have is bigger than anyone else's. but i think the whole industry has room to grow so i don't -- >> you still think the industry -- even though video subs are not growing anymore. zp video subs are not growing but they're stabilizing. data and voice is growing and i think video can grow again. the industry was stuck in an analog world and had to make a transition and it is not fully complete yet. but as these cable companies become all digital, a lot of spectrum is freed up so the capacity of the
competitive environment is different. in fact more favorable. so i think when you net all that out there's growth opportunities. >> of course in the last conference call you talked about the best companies in your industry generate as much as $450 million of cash flow or ev ebita. is it reasonable to expect you could get to that high a number? >> you don't have to if you create value. $450,000 per home past her year of ebita coming out of the best cable operators and charter is...
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Dec 7, 2012
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texas in just a few minutes but steve, if i could start with you, talk to us about the entrepreneurial environment right now in america. we hear two things. one, we hear that when the economy is not doing all that well, it's the best time ever to try and start something new. and then on the other hand, we hear that a lot of what's going on in america is keeping entrepreneurs from starting those new ventures. >> well, some of that is true. start-ups are down in the last five years. about 23%. but it is worth remembering that we started as a start-up. this company was a start-up in the last couple years, the reason we're the leading economy is because of the entrepreneurs building start-ups that have really powered our economy. we really need to as a nation double down on entrepreneurship. some of that is what needs to happen in washington, the jobs act that passed six months ago, the broad bipartisan support dealt with crowd funding and on-ramp for ipos. start-up app 2.0 introduces with bipartisan support. there's a role for washington but there's also a role for the private sector particularly ent
texas in just a few minutes but steve, if i could start with you, talk to us about the entrepreneurial environment right now in america. we hear two things. one, we hear that when the economy is not doing all that well, it's the best time ever to try and start something new. and then on the other hand, we hear that a lot of what's going on in america is keeping entrepreneurs from starting those new ventures. >> well, some of that is true. start-ups are down in the last five years. about...
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Dec 4, 2012
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they are building and acquiring land in this low interest rate environment which bodes well for this upswing in momentum. the question as you mentioned at what point do comparisons get so tough. first quarter 2012 was first quarter where they started to see the upswing. 45% increase in signed contracts. we're lapping that now. can we beat increases as we move on? >> it could be tough. to the extent that we're building, any momentum at the bottom here, we're still building off a small base as you know. so you could have significant growth for some time. >> everything that goes into a house. a lot of spending goes into a house. >> definitely. cramer has stocks on his list that are worthy of your attention. what does he think about them? his mad dash is coming up next. later, shares of gamestop surging from summer lows hoping to score big this holiday season. we'll talk with the ceo. let's take another look at futures as we head into this tuesday morning session. we're looking about flat. more "squawk on the street" straight ahead. this is america. we don't let frequent heartburn come b
they are building and acquiring land in this low interest rate environment which bodes well for this upswing in momentum. the question as you mentioned at what point do comparisons get so tough. first quarter 2012 was first quarter where they started to see the upswing. 45% increase in signed contracts. we're lapping that now. can we beat increases as we move on? >> it could be tough. to the extent that we're building, any momentum at the bottom here, we're still building off a small base...
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Dec 7, 2012
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in that environment you would see modest upward pressure on yields. now, is it possible that you would get more upward pressure on yields. possible. you're starting from a very low level. if the economy were to accelerate more sharply. if we were to get a more expansionary fiscal year. if the payroll tax cut was extended i don't expect that but if that were to happen, that probably would put more awkward pressure on longer term yields. >> setting up next week, fed meeting, an event or not? >> i think it's pretty clear what we're going to see in at least the broad outline. i would expect continued pace of asset purchases at $85 billion a month. that is widely expected. i think for good reason. i think that there are some questions about the details, of course, what are mature ranges going to be and things like that. you'll always have those kind of questions so there's uncertainty there. i don't think we're going to see a lot of new innovation beyond that sort of extension of the $85 billion pace of purchases. >> good to see you. thanks. >>> still ahea
in that environment you would see modest upward pressure on yields. now, is it possible that you would get more upward pressure on yields. possible. you're starting from a very low level. if the economy were to accelerate more sharply. if we were to get a more expansionary fiscal year. if the payroll tax cut was extended i don't expect that but if that were to happen, that probably would put more awkward pressure on longer term yields. >> setting up next week, fed meeting, an event or...
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Dec 3, 2012
12/12
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to the video environment. over the top scared everybody for a long time. there's a lot of questions. what was netflix going to do to its business model? how was content going to be monetized. with the tv everywhere infrastructure coming together, companies are more comfortable about how the world looks going forward. that's one of the big things holding back m&a. ceos were worried about buying a company and then having the world shift under their feet. a lot of those outlines are in place for doing more deals. >> right. in this world regardless of whether it's just a broad band connection or not, you say they will figure out a way to get paid. >> exactly. if you look at over the top distribution, that's been another way for content providers to sell content. if anything, it's been a new customer for them. >> sam, we're going to leave it there. looking forward to seeing you later face to face. i'll interview tom rutledge who runs charter. u.s. media conference being held the first three days of this week, i bel
to the video environment. over the top scared everybody for a long time. there's a lot of questions. what was netflix going to do to its business model? how was content going to be monetized. with the tv everywhere infrastructure coming together, companies are more comfortable about how the world looks going forward. that's one of the big things holding back m&a. ceos were worried about buying a company and then having the world shift under their feet. a lot of those outlines are in place...